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Congress Passes Bill Stipulating that Court Approval is now...

On 20 December 2001 both houses of Congress passed HR 2884, the federal tax relief package for victims of the September 11 tragedies. Included in that bill was a "landmark protection for Americans with disabilities who receive structured settlement payments,"...

Sequoia National Bank Sues Sub-Prime Lenders Over Allegations of...

Sequoia National Bank has announced that it has filed a lawsuit against Peter Behr, Jr., Richard Hatfield, Daniel Holland, Robert…


SunTrust Receivables Capital Management Opens Office

SunTrust Banks, Inc. today announced that its Receivables Capital Management unit, formerly known as SunTrust Bank Factoring, has opened a…


Asta Funding Posts Record Revenue and Net Income Gains...

Asta Funding, Inc., the New Jersey based consumer receivables asset management company (which specializes in the purchase, liquidation and management…

#economy#funding#management


80% of Americans Retain pre-September 11th Attitude to Debt

A nationwide survey sponsored by CollectionIndustry.com shows that 80 percent of Americans stand ready to pay their debts in the…

#recession#WHO


Asset Based Lending of Healthcare

It can be a fair bet that financial models adopted in the USA eventually make their way to the rest…

#commercial finance#conference#invoice


Braving the Storm

The Commercial Finance Association’s 57th Annual Convention and Exposition, San Francisco, October 24th-26th. The USA is, in many ways, the…


Exhibitors Bank on CFA Convention

A high turnout marks business support for the Commercial Finance Association The 57th Annual CFA Convention has continued to enjoy…

#bank#commercial finance#Deutsche Bank


CEO of GMAC Commercial Credit Dismissed

Mr. Joe Grimaldi, the chief executive officer of the USA’s second largest factoring company, GMAC Commercial Credit, has been dismissed…


Asta Funding Projects 40% Earnings Growth for 2001

Asta Funding Inc, a leading consumer receivables asset management and liquidation company which also factors commercial receivables, today announced that…

#asset management#funding#management


Factoring Expected to Lead KBK Back to Profitability After...

KBK Capital Corporation, which provides financial services to middle-market businesses, today reported its operating results for the third quarter and…


Asta Funding, Inc.'s Board Authorizes Stock Repurchase Program

Asta Funding, Inc, the New Jersey-based financial services company, announced today that its board of directors has authorized the repurchase…

Man Sentenced for Selling Accounts Receivable of Fictitious Company

O’Rane Cornish, former controller of 6C/Dahcor Industries Inc, a Tennessee corporation, was sentenced for swindling two companies out of nearly…

#MAN#Two#WHO

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